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Coastal Mixed-Use Investment Opportunity

514 W Balboa, Newport Beach, CA 92661

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For Sale

$2,995,000

Beachfront mixed-use property with residential and commercial income.

Type:Investment

HighLights

Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.
Mixed‑use zoning provides diversified income from residential and commercial tenants.
Immediate income from two tenant‑occupied residential units and an established restaurant.
High walk score (90) indicating a Walker's Paradise.
Potential for future owner occupancy of a residential unit.
Potential roof terrace and outdoor space adding lifestyle and value appeal.

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Listing Contact

Levon Nargizyan

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For Sale

$2,995,000

Beachfront mixed-use property with residential and commercial income.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 4:35 pm

Property Features for 514 W Balboa

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1964

We can help!

Listing Contact

Levon Nargizyan

Listing agent Levon Nargizyan

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Levon Nargizyan

HighLights

Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.
Mixed‑use zoning provides diversified income from residential and commercial tenants.
Immediate income from two tenant‑occupied residential units and an established restaurant.
High walk score (90) indicating a Walker's Paradise.
Potential for future owner occupancy of a residential unit.
Potential roof terrace and outdoor space adding lifestyle and value appeal.

Overview

This two-story mixed-use building is located on West Balboa Boulevard, directly across from the beach and boardwalk in Balboa Peninsula. The upper level features two tenant-occupied residential units, providing residential income and flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering commercial cash flow and benefiting from foot traffic. The property is located near the Balboa Pier, Fun Zone, shops, and dining. The mixed-use zoning supports both residential and commercial use. There is potential for a roof terrace and outdoor space. This property offers immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. The location has a walk score of 90, indicating it is a walker's paradise, a bike score of 72, indicating it is very bikeable, and a transit score of 35, indicating some transit options are available.

Location Intelligence

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Mixed-use properties

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Local Demand

City: Newport Beach
County: Orange
State: California
Longitude: -117.8954568
Latitude: 33.6070778

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What type of property is this?

Mixed-use property - Beachfront mixed-use property with residential and commercial income.

Where is this mixed-use property located?

The property is located at 514 W Balboa Newport Beach, CA.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.; Mixed‑use zoning provides diversified income from residential and commercial tenants.; Immediate income from two tenant‑occupied residential units and an established restaurant.